Very unlikely it will hit $1.90 this month.
Full year results will kill any chance of that happening.
I'm expecting NPAT to drop 37% yr on yr, Reserves to be downgraded and the outlook to be below market expectations.
The only thing that will push the SP higher is new exploration success and I'd give that a less than 30% chance of happening.
A higher oil price might help but with 2023/24 oil production likely to be only about 16% of production it really won't make a significant difference.
2024/25 will be the year the SP might increase significantly so it depends how long you want to keep your money tied up for.
Chart - BPT, page-583
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Last
$1.75 |
Change
0.025(1.45%) |
Mkt cap ! $3.980B | |||
| Open | High | Low | Value | Volume |
| $1.73 | $1.76 | $1.71 | $17.37M | 9.995M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 61438 | $1.74 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.75 | 77036 | 2 |
View Market Depth
| Last trade - 16.10pm 14/05/2024 (20 minute delay) ? |
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Last
$1.74 |
Change
0.025 ( 1.17 %) |
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| Open | High | Low | Volume | ||
| $1.73 | $1.76 | $1.71 | 3086357 | ||
| Last updated 15.59pm 14/05/2024 ? | |||||
| BPT (ASX) Chart |